Behavior of bond rating changes and its implications.

• Main Author: Lee, Wei Ping.
• Other Authors: Tan, Kok Hui
• Format: Theses and Dissertations
• Language: English
• Published: 2008
• Subjects: DRNTU::Business::Finance::Fixed income::Bonds
• Online Access: http://hdl.handle.net/10356/7430
• Institution: Nanyang Technological University

This paper provides evidences about the differential behavior of credit rating agencies in response to new similar information about the issuer. It also examines some of the determinants that contribute to this difference in response of the rating agencies.